ProShare Advisors LLC lessened its stake in Fox Factory Holding Corp. (NASDAQ:FOXF) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,131 shares of the company’s stock after selling 141 shares during the period. ProShare Advisors LLC’s holdings in Fox Factory were worth $2,200,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of Fox Factory by 8.1% in the 2nd quarter. BlackRock Inc. now owns 5,409,877 shares of the company’s stock valued at $842,101,000 after buying an additional 406,942 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Fox Factory in the 2nd quarter valued at about $253,058,000. Loomis Sayles & Co. L P grew its position in shares of Fox Factory by 9.4% in the 1st quarter. Loomis Sayles & Co. L P now owns 798,123 shares of the company’s stock valued at $101,410,000 after buying an additional 68,521 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Fox Factory by 8.1% in the 1st quarter. Geode Capital Management LLC now owns 698,594 shares of the company’s stock valued at $88,763,000 after buying an additional 52,169 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Fox Factory by 20.6% during the 1st quarter. FMR LLC now owns 533,779 shares of the company’s stock valued at $37,306,000 after purchasing an additional 91,213 shares in the last quarter.
Separately, Zacks Investment Research lowered Fox Factory from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 6th.
Shares of Fox Factory stock opened at $151.06 on Thursday. Fox Factory Holding Corp. has a one year low of $78.20 and a one year high of $172.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.91 and a quick ratio of 2.07. The stock’s 50-day moving average is $150.93 and its 200 day moving average is $150.36. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 1.78 and a beta of 1.79.
Fox Factory (NASDAQ:FOXF) last posted its quarterly earnings results on Thursday, August 5th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.18. Fox Factory had a return on equity of 24.12% and a net margin of 13.43%. The business had revenue of $328.16 million for the quarter, compared to the consensus estimate of $293.54 million. On average, sell-side analysts expect that Fox Factory Holding Corp. will post 4.4 EPS for the current fiscal year.
Fox Factory Profile
Fox Factory Holding Corp. engages in designing, engineering, manufacturing and marketing performance ride dynamics products. The firm offers bicycles, side-by-sides and on-road vehicles with off-road capabilities, off-road vehicles and trucks, all – terrain vehicles, snowmobiles, specialty vehicles and applications and motorcycles.
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